Date
Details
Price
Change
Source
7/27/2026
Listed
$2,880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,880,000 Just Listed
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Property Description
Excellent Investment Opportunity Prime location with strong appreciation potential as the nearby casino development moves forward. All units rented at market rates. Property Details Lot Size: 25' × 100' Building Size: 25' × 51' (Approx. 5,294 SF) Built in 2018 Zoning: R6 Unit Mix 6 Two-Bedroom / One-Bath units 2 One-Bedroom / One-Bath units A neighboring building with the same layout has already been converted into 8 individual condominium units, generating an estimated $3 million in net profit. Separate Utilities 8 Water Meters 8 Gas Meters 9 Electric Meters 8 Heating Systems 8 Hot Water Heaters Investment Highlights Fully occupied with excellent tenants Rent receipts available (no written leases) Potential for future rent increases Annual Gross Income: Approx. $210,000 Estimated Cap Rate: 5% - 6% Outstanding Location Just a 2-block walk to the bustling Roosevelt Avenue / 7 Train station. Close to supermarkets, restaurants, Citi Field, and numerous neighborhood amenities.
Full Property Details
Full Property Details for 112-42 38th Ave
General
- Price: $2,880,000
- Taxes: $44,424
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1031301
- Updated: 7/27/2026
- Added to Site: 5 day(s) ago
Parking
- Parking Features: None
Location
- County: Queens
School Information
- High School District: Contact Agent
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Partial
- Building Size: 5464
- Square Feet: 5,464
- Year Built: 2018
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Zoning: R6
Financial Considerations
- Tax Amount: $44,424
Disclosures and Reports
- Special Conditions: None
- Property ID: 01785-0020
Listed by E Realty International Corp
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Listing agent
— 112-42 38th Ave —
E Realty International Corp
718-886-8110
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 112-42 38th Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 143 Louis Armstrong 34-74 113th St, Queens, NY 11368 | K-2 | 0.2 mi |
Is 61 Leonardo Da Vinci 98-50 50th Ave, Queens, NY 11368 | 6-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 112-42 38th Ave
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112-42 38 Avenue, Corona, NY 11368 (MLS# 1031301) is a Commercial property. 112-42 38 Avenue is currently listed for $2,880,000 and was received on July 27, 2026. Want to learn more about 112-42 38 Avenue? Do you have questions about finding other Commercial real estate for sale in Corona? You can browse all Corona real estate or contact a Coldwell Banker agent to request more information.